NEW YORK, Feb. 6, 2025 /PRNewswire/ -- Report on how AI is redefining market landscape - The global connected gym equipment market size is estimated to grow by USD 10.16 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of almost 42.4%  during the forecast period. Increasing smartphone penetration and growing demand for connected gym services is driving market growth, with a trend towards compatibility with different mobile operating systems. However, lack of awareness of gym-related products and technology  poses a challenge. Key market players include Blue Goji Corp., Body Solid Inc., BowFlex, Clmbr, Core Health and Fitness LLC, Draper Inc., EGYM Inc., FightCamp, Hydrow, Icon Health and Fitness Inc., Johnson Health Tech Co. Ltd., Les Mills International Ltd., Life Fitness, MYXfitness LLC, Nortus Fitness, Paradigm Health and Wellness Inc., Peloton Interactive Inc, TECHNOGYM S.p.A, Tonal Systems Inc., and True Fitness Technology Inc..

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Market Driver

The Connected Gym Equipment Market is experiencing significant growth due to the trend towards digitization in fitness. Machines and devices, such as treadmills, ellipticals, stationary bikes, rowing machines, squat racks, barbells, bench presses, and dumbbells, are being upgraded with internet capabilities. Centralized servers and smartphone applications enable continuous monitoring and tracking of major muscle groups, sets and reps, range of motion, calories burned, and health information. Wearable devices and smart gym equipment are synchronizing workouts, providing real-time feedback and personalized training programs. The market includes gyms, studios, hotels, hospitals, and fitness clubs, as well as residential and commercial applications. Rapid digitization and increasing health consciousness are driving demand, particularly for cardiovascular training equipment and strength training gear. Major players in the market include Technogym, Bluetooth and WiFi enabled devices, and RFID or NFC technology. The market caters to sports enthusiasts, athletes, and those seeking weight loss, body building, and overall physical and mental fitness. The market also addresses obesity, chronic diseases, and obesity awareness, offering solutions for cruise ships, public gyms, colleges, universities, corporate offices, specialty hospitals, defence bases, apartments, and youth and adults. Cloud servers store health information, allowing users to access their fitness levels, sports equipment usage, and workout history from anywhere. The market also includes fitness competitions, wearables, and fitness gear innovations. The market caters to residential users, business travelers, and public institutions, addressing sedentary lifestyles, fast foods, and lifestyle diseases, such as heart disease, hypertension, and bone diseases. 

The connected gym equipment market allows users to track their fitness activities using their smartphones and tablets, regardless of the device's brand or operating system. With the help of smart connected devices, managing multiple gym equipment becomes simpler. Majority of the apps developed by vendors in this market are compatible with both Android and iOS. Users can easily download these apps from the Google Play Store or Apple App Store, or directly from the company websites. By integrating gym equipment with smart devices, users can access real-time data on their workouts, making their fitness journey more effective and convenient. 

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 Market Challenges

• The Connected Gym Equipment Market is experiencing significant growth due to the increasing trend of digitalization in fitness and health consciousness. Machines and devices like treadmills, ellipticals, stationary bikes, rowing machines, squat racks, barbells, bench presses, dumbbells, and other strength training equipment are now being integrated with the internet, centralized servers, smartphone applications, and wearable devices for continuous monitoring and tracking. This allows for synchronizing workouts, tracking health information, and monitoring fitness levels in real-time. Gyms, studios, hotels, hospitals, and fitness clubs are rapidly digitizing their facilities with cloud servers and Bluetooth, WiFi, or Ethernet connectivity. This enables users to access their workout history, track calories burned, sets and reps, range of motion, and weight lifted from anywhere. The market is not limited to commercial gyms and clubs but also includes residential users, cruise ships, public gyms, colleges, universities, corporate offices, specialty hospitals, defence bases, apartments, and gym apartments. The obese population and those with chronic diseases like diabetes, cancer, and cardiovascular disease are major targets for this market. Fitness competitions, wearables, and fitness gear innovations are also driving the growth of the connected gym equipment market. The market caters to both cardio equipment like exercise bikes and cross trainers, and strength equipment like smart dumbbells, kettlebells, power racks, and benches. Sedentary lifestyles and fast foods are leading to lifestyle diseases, making the need for physical fitness and mental fitness more important than ever. The market includes dealers, RFID or NFC technology, and caters to both residential and commercial users. The future of the connected gym equipment market looks promising with continuous innovations and advancements in technology.
• In the Connected Gym Equipment Market, penetrating developing economies poses a challenge for vendors due to limited awareness and understanding of smart products and technology among the population. Education and promotion of the benefits of connected gym equipment are essential to increase demand. Price consciousness is prevalent in developing countries, making it crucial for vendors to offer competitive pricing compared to traditional gym equipment. Despite the high demand in developed regions, the adoption rate of connected gym equipment remains low in developing economies due to these factors. Vendors must navigate these challenges to expand their market reach and grow their business.

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Segment Overview 

This connected gym equipment market report extensively covers market segmentation by  

• Product
• • CTE
  • STE
• End-user
• • Residential
  • Commercial
• Geography
• • North America
  • Europe
  • APAC
  • Middle East And Africa
  • South America
• Distribution Channel
• • Online
  • Offline

1.1 CTE-  The Connected Gym Equipment Market, particularly the Cardiovascular Training Equipment (CTE) segment, is experiencing significant growth due to increasing health consciousness among consumers. Factors such as an aging population, unhealthy diets, high obesity rates, and the prevalence of cardiovascular diseases are driving the demand for CTE. Unlike strength training equipment, CTE, including treadmills and cross-trainers, has a shorter lifespan, leading to higher replacement sales. Moreover, the growing trend of smartphone usage and the availability of connected gym services have further fueled the demand for CTE. According to the International Telecommunication Union, 73% of the global population aged 10 years and above owned a mobile phone in 2022, with most of them using smartphones. These factors are expected to continue influencing the growth of the CTE segment in the market during the forecast period.

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Research Analysis

The Connected Gym Equipment Market is experiencing significant growth due to the integration of the Internet, centralized servers, smartphone applications, and wearable devices. Machines such as treadmills, ellipticals, stationary bikes, rowing machines, squat racks, bench presses, and dumbbells are now being manufactured with advanced technology to provide continuous monitoring and tracking capabilities. This market caters to both youth and adults, with health clubs and fitness centers incorporating these smart machines into their facilities, and residential users investing in in-home equipment. The exercise equipment industry is leveraging this technology to combat obesity and chronic diseases by offering personalized fitness exercises through smartphones and cardiovascular training equipment. The market is expected to expand further as more individuals prioritize their health and wellness.

Market Research Overview

The Connected Gym Equipment Market is experiencing rapid digitization as machines and devices become "smart" with the integration of the Internet, centralized servers, and smartphone applications. Wearable devices enable continuous monitoring and tracking of major muscle groups during cardiovascular training on treadmills, ellipticals, stationary bikes, rowing machines, and strength training equipment like squat racks, barbells, bench presses, dumbbells, and power racks. Gyms, studios, hotels, hospitals, and fitness clubs are major consumers of this technology. The market is driven by health consciousness, obesity awareness, and the rise of non-communicable diseases such as diabetes, cancer, and cardiovascular disease. Bluetooth, WiFi, and Ethernet connectivity allow for synchronizing workouts, tracking health information, and monitoring fitness levels. Smart wearable devices, fitness gear innovations, and fitness competitions are also fueling the market's growth. The market caters to residential and commercial consumers, including sports enthusiasts, athletes, and business travelers. Obesity, sedentary lifestyles, and lifestyle diseases are major challenges driving the demand for connected gym equipment. The market includes a range of cardio equipment like stationary bikes, ellipticals, and exercise bikes, as well as strength equipment like free weights, power racks, benches, and smart dumbbells. The market is expected to grow significantly in the coming years due to the increasing popularity of physical fitness and mental fitness among the youth and adults.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

• Product
• • CTE
  • STE
• End-user
• • Residential
  • Commercial
• Geography
• • North America
  • Europe
  • APAC
  • Middle East And Africa
  • South America
• Distribution Channel
• • Online
  • Offline

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio